Warner Bros. Discovery (WBD) has started a formal review of its future. The media giant is looking at many strategic options. This decision came after the company received interest from multiple outside parties. These parties want to acquire the company.
WBD said it might sell the entire business. It also might split into two separate parts: Warner Bros. and Discovery Global. The company revealed its plans in a recent filing.
This news caused the company’s stock to rise 3% after hours. Key industry players are already preparing bids. Netflix, Comcast, and Paramount are reportedly preparing offers. They face a reported deadline before Thanksgiving.
This situation reflects the tough, changing media landscape. WBD is currently evaluating its best path forward. This review aims to unlock more value for its shareholders. The company continues to plan for a potential split of its television unit next year.
